Owners Brockton Capital and Landid Property say the existing building will be 'redesigned to provide the workplace that appeals to a younger generation of talent'

Plans for Thames Tower go on show on Friday between 10am and 8pm and on Saturday from 10am to 6pm

A public exhibition showing plans for an empty 70s tower block opposite Reading Station is being held this week.

The new owners of Thames Tower will unveil their proposals for the imposing building on Friday and Saturday.

Details have also been announced of a new 16-floor office building as part of the adjoining £500 million Station Hill redevelopment.

Thames Tower owners Brockton Capital and Landid Property say the existing building will be “redesigned to provide the workplace that appeals to a younger generation of talent”.

The developers say materials will be used which are traditional to Reading and the building will complement the Station Hill redevelopment, add life and colour to the new station plaza and act as a memorable way finder.

The exhibition will be held in Thames Tower, in Station Road, on Friday between 10am and 8pm and on Saturday from 10am to 6pm.

The proposals can then be viewed on www.thamestower.com from Monday, July 14, when comments can be made online.

Previous owners of the property had planned to demolish the building and replace it with a 25-storey skyscraper, then opted for refurbishment before finally selling it.

There are signs the Station Hill redevelopment is finally moving forward, with the launch of the first office building by property specialists Strutt & Parker and Savills.

Site owners Benson Elliot and Stanhope have committed to a speculative development of a 214,961 sq ft office tower, which will be Building One in the redevelopment.

Jonathan Gardiner, director at Savills, said: “The week before last we did a launch to a select number of London and Reading agents.

“The agents then speak to their clients and the market gets an understanding that here is a scheme which is going to be delivered. It’s about getting credibility in the market place. In the autumn we will be engaging more with local organisations.”

He added: “Certainly, the reception was very positive and it was good timing for what will be a cracking scheme on a scale unlike any other in the South East outside of London.”

Developers have outline planning permission for four major office buildings on the site, along with residential and retail development.

Demolition of shop buildings along Station Hill is due to start after the Reading Festival in August when Reading Borough Council has completed the works outside Reading station.

Building work is due to start in March 2015 with the first building being completed by December 2016.